voztata
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January 18, 2016, 09:37:16 AM |
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Gambling can be profitable if we are lucky enough as well as highly skilled. There is no matter with short term and long term in my experience.
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asuryan180
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January 18, 2016, 11:21:39 AM |
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Gambling can be profitable if we are lucky enough as well as highly skilled. There is no matter with short term and long term in my experience.
It matters because one can beat the house with the help of short time variance (+ lucky) and pull of some coins but he has 100% chance to lose if he continues to roll and wont be able to beat the house then,depending on the games and the percent of edge for the house.
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SirLancelot
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January 18, 2016, 06:04:34 PM |
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Gambling can be profitable if we are lucky enough as well as highly skilled. There is no matter with short term and long term in my experience.
May be in short term, with luck one can turn profitable in gambling. But in long run, you develop your skills and strategies to make profits from gambling. So, I too believe in long run, gambling is profitable if we apply skills.
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sana54210
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January 18, 2016, 07:18:53 PM |
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Gambling can be profitable if we are lucky enough as well as highly skilled. There is no matter with short term and long term in my experience.
May be in short term, with luck one can turn profitable in gambling. But in long run, you develop your skills and strategies to make profits from gambling. So, I too believe in long run, gambling is profitable if we apply skills. If you are not dependent on our luck and only on your skill then there are some possibilities to make profit in long run. Because we are developing and learning new skills over time. This may help sometimes to make profit from gambling. That is the reason gambling may be profitable in long run.
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buyinbtc
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January 18, 2016, 08:55:50 PM |
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i really doubt this idea that you can actually be lucky enough for gambling to be profitable in a long run, i wouldnt try this as it will most probably make you to lose all the money you have
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pearnapple
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January 18, 2016, 09:05:05 PM |
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well yeah of course it is possible for gambling to be very profitable in a long run though i think that its is very hard to do and that you need to be extremely lucky for it to happen
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piebeyb
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January 19, 2016, 04:45:36 PM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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RealBitcoin (OP)
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January 19, 2016, 07:37:41 PM |
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I`d just personally go with low risk, and not risking much money. Gambling is fun when you win a lot, and lose little.
So i`d just go with dice sites, easy comfortable, win with 1 push of a button. Get some relaxing music in the background, a drink, and start the show. It feels exciting and has a good mood to it.
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hua_hui
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January 19, 2016, 08:14:14 PM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) having big capital will just let u have profit in the short run, but in the long run, one long steak can wipe ur capital out. that is what happens to tons of ppl out there. and having a gambling sites and ur bitcoin to support it is more of an investment n not gamble cause u have the house edge on ur advantage.
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pearnapple
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January 19, 2016, 08:35:02 PM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) its not important how much money you have, if you will not be lucky enough you will not be able to make vast amounts of money, i think luck is the key
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Compa
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January 19, 2016, 10:19:53 PM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) its not important how much money you have, if you will not be lucky enough you will not be able to make vast amounts of money, i think luck is the key I agree, i just believe about a luck in gambling, but this luck will not come everyday. We cant win all the time. So, if you have a got profit you know to stop playing and enjoy your profit.
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RealBitcoin (OP)
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January 20, 2016, 11:04:23 AM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) having big capital will just let u have profit in the short run, but in the long run, one long steak can wipe ur capital out. that is what happens to tons of ppl out there. and having a gambling sites and ur bitcoin to support it is more of an investment n not gamble cause u have the house edge on ur advantage. If you martingale with huge capital, its more than likely that you will not use it. That is why roulette tables have max betsize limits. If you would go in with 1 billion $, and start martingaling in a roulette table, it's more than likely that you will not loose it. However if you do, then all money is lost.
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XinXan
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January 20, 2016, 11:14:02 AM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) its not important how much money you have, if you will not be lucky enough you will not be able to make vast amounts of money, i think luck is the key That's a lie, it is very important actually. If your target is to make 0.1 bitcoins and you only have 0.01 bitcoins, it's going to be harder than having 10 bitcoins for example, why? With 10 bitcoins, you can simply bet on 98.9% which gives you 0.01 profit, you have almost a 99% chance of winning this way meanwhile when you have 0.01 bitcoins you would have to win a 9% bet which is obviously much harder.
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michinzx
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January 20, 2016, 11:18:19 AM |
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yeah my husband makes money at poker but it has made him hate playing it.
He calls it a grind and no longer fun. Sports he is up and down and I lose most the time when I try and have fun and gamble (unless its vegas slots)
I have won the 2 times I have gone lol. (lucky)
Poker games, that too player against player is highly skill based, over gaining some experience with it, you can manage to make some profits like many gamblers explained here. Poker games and sports betting are known for profitable in longer run. Because with your experience you become veteran gambler to predict accurately. being a "veteran" has absolutely nothing to do with how accurate your bets will be, your success on sportsbooks depends on your research and ability to judge the value of the bet if the sportsbooks's given values are incorrect. by doing so, you can ensure yourself an edge and maintain +EV in the long run and profit.
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Newcoins2020
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January 20, 2016, 11:19:47 AM |
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yes it is possible if you have a big capital and has gambling sites ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) its not important how much money you have, if you will not be lucky enough you will not be able to make vast amounts of money, i think luck is the key That's a lie, it is very important actually. If your target is to make 0.1 bitcoins and you only have 0.01 bitcoins, it's going to be harder than having 10 bitcoins for example, why? With 10 bitcoins, you can simply bet on 98.9% which gives you 0.01 profit, you have almost a 99% chance of winning this way meanwhile when you have 0.01 bitcoins you would have to win a 9% bet which is obviously much harder. Yeah that is why we see a lot of people winning more bitcoin who people bet more with bitcoin. The problem is just not a lot of people have that much money to gamble. I just suggest to those people do some faucets and learn to gamble before the real deal money.
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RealBitcoin (OP)
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January 20, 2016, 11:20:49 AM |
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yeah my husband makes money at poker but it has made him hate playing it.
He calls it a grind and no longer fun. Sports he is up and down and I lose most the time when I try and have fun and gamble (unless its vegas slots)
I have won the 2 times I have gone lol. (lucky)
Poker games, that too player against player is highly skill based, over gaining some experience with it, you can manage to make some profits like many gamblers explained here. Poker games and sports betting are known for profitable in longer run. Because with your experience you become veteran gambler to predict accurately. being a "veteran" has absolutely nothing to do with how accurate your bets will be, your success on sportsbooks depends on your research and ability to judge the value of the bet if the sportsbooks's given values are incorrect. by doing so, you can ensure yourself an edge and maintain +EV in the long run and profit. Some casinos give you better odds if you have higher ranks. For example in real casinos, slot machines range in house edge from 1-30%, and have max bet size. The casino could offer you to play with 1% house edge ,and say 10,000$ max bet limit if you are veteran, while only let you play 30% edge and 100$ bet limit if you are new.
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michinzx
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January 20, 2016, 11:23:26 AM |
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yeah my husband makes money at poker but it has made him hate playing it.
He calls it a grind and no longer fun. Sports he is up and down and I lose most the time when I try and have fun and gamble (unless its vegas slots)
I have won the 2 times I have gone lol. (lucky)
Poker games, that too player against player is highly skill based, over gaining some experience with it, you can manage to make some profits like many gamblers explained here. Poker games and sports betting are known for profitable in longer run. Because with your experience you become veteran gambler to predict accurately. being a "veteran" has absolutely nothing to do with how accurate your bets will be, your success on sportsbooks depends on your research and ability to judge the value of the bet if the sportsbooks's given values are incorrect. by doing so, you can ensure yourself an edge and maintain +EV in the long run and profit. Some casinos give you better odds if you have higher ranks. For example in real casinos, slot machines range in house edge from 1-30%, and have max bet size. The casino could offer you to play with 1% house edge ,and say 10,000$ max bet limit if you are veteran, while only let you play 30% edge and 100$ bet limit if you are new. theyre not truly better odds though, they just reduce the edge for you a little bit, and most of the time its not even enough to make that big of a difference. its just something thats there so people will play more and lose more if they want to obtain vip status or something. if the casino is offering it, chances are theyre making a lot more money off of it than youre winning from it.
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RealBitcoin (OP)
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January 20, 2016, 11:27:13 AM |
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theyre not truly better odds though, they just reduce the edge for you a little bit, and most of the time its not even enough to make that big of a difference. its just something thats there so people will play more and lose more if they want to obtain vip status or something. if the casino is offering it, chances are theyre making a lot more money off of it than youre winning from it.
Well yes but legally and in technical terms casinos are an entertainment industry, not a financial one. The casino is actually an entertainment place, where you pay a comission (house edge) to play, and you pay for the gaming experience. The casino is not built to be a money making place, so you have the wrong idea what a casino is. It's only a game industry like video games, etc, where you buy the experience of the game. Thats all it is. People are foolish to think that it's something else.
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michinzx
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January 20, 2016, 11:32:39 AM |
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The casino is not built to be a money making place, so you have the wrong idea what a casino is. It's only a game industry like video games, etc, where you buy the experience of the game. Thats all it is.
why would you even say something like that? are you stupid? of course a casino exists to make money, its a business. if it existed for entertainment like your delusional self says, they wouldnt kick out card counters, they would just throw money at whoever walks in, and they might even allow blackjack players to look at the entire deck while playing. its a business to make money, nothing more, the entertainment is there to keep people playing and losing.
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rickadone
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January 23, 2016, 05:49:55 PM |
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Luck is the only factor to make profits from gambling. Luck does not help you based on how long you have been into gambling. It works someday and not in some other day. So there are no possibilities to make profits even in long run with gambling.
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